Question 2: Housing and Homeownership ($120 million)

The question on the ballot

Shall the act passed by the General Assembly at the January 2026 session, allowing the State of Rhode Island to issue bonds, refunding bonds, and temporary notes to pay for the projects listed below, be approved, and the State be allowed to issue these bonds, refunding bonds, and temporary notes as outlined in the law? 2. HOUSING AND HOMEOWNERSHIP - $120,000,000 To increase and preserve the availability of affordable and accessible housing to meet the needs of all Rhode Islanders and support community revitalization through the redevelopment of existing structures, new construction, property acquisition, and infrastructure improvements. Of this amount, at least twenty-five million dollars ($25,000,000) shall be allocated towards increasing production of housing intended for homeownership and up to ten million dollars ($10,000,000) may be used to support a program for public housing development.[1]

The bond would provide $120,000,000 to increase housing availability and supply, revitalize communities and promote affordable homeownership, through new construction and renovation of existing buildings. At least $25,000,000 must go toward housing intended for homeownership and up to $10,000,000 may support a public housing development program. Official cost estimate in the handbook (assuming 5% interest and level payments over 20 years): principal $120,000,000, interest $72,586,000, total $192,586,000.[1]